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Business/Financial

TransDigm To Acquire Aerosonic For $39 Million

Defense Daily Staff

Tuesday, April 23rd, 2013

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Aircraft component designer and manufacturer TransDigm Group Inc. [TDG] yesterday said it has agreed to acquire Aerosonic Corp. [AIM] for $7.75 per share in cash, providing it with new products and additional aftermarket exposure. The deal is valued at $39 million. TransDigm said the offer price represents a 60 percent premium to Aerosonic’s closing share price on April 19. Aerosonic, which makes air data sensing, test and display components used in the business jet, helicopter and military markets, had $29.6…

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